Independent Bank Corp. (INDB) Could Be a Great Choice

Company Overview - Independent Bank Corp. (INDB) is headquartered in Hanover and operates in the Finance sector, specifically within the Banks - Northeast industry [3] - The company has experienced a price change of 7.07% so far this year [3] Dividend Information - INDB currently pays a dividend of $0.59 per share, resulting in a dividend yield of 3.43%, which is higher than the industry average of 2.67% and the S&P 500's yield of 1.51% [3] - The annualized dividend of $2.36 represents a 3.5% increase from the previous year [4] - Over the past 5 years, INDB has increased its dividend 5 times, achieving an average annual increase of 5.67% [4] - The current payout ratio is 52%, indicating that the company pays out 52% of its trailing 12-month earnings per share as dividends [4] Earnings Growth - The Zacks Consensus Estimate for 2025 projects earnings of $5.26 per share, reflecting a year-over-year growth rate of 15.60% [5] Investment Appeal - INDB is considered an attractive dividend play and a compelling investment opportunity, currently holding a Zacks Rank of 1 (Strong Buy) [6]